11/05/2026
The rules around Agricultural Property Relief have changed.
As of April 2026, the relief is now capped at £1 million per individual. Anything above that threshold is subject to inheritance tax at 20%, which for larger farming estates is a significant shift from where things stood before.
For many farming businesses, the key question is no longer whether relief applies, but how much of the estate qualifies and how anything outside that is dealt with.
If you’re unsure of what these changes mean for you, or you have any questions, get in touch to speak to our agricultural team.